Tetrix, an AI investment platform for alpha-seeking limited partners in alternative markets, announced it has raised $15 million in Series A funding. The round was co-led by White Star Capital and Innovation Endeavors, with participation from several high-profile angel investors.
The funding will be used to accelerate product development, expand the company’s team, and support global growth as Tetrix scales its platform across the alternative markets ecosystem. Tetrix said its platform is already supporting clients managing more than $100 billion in assets.
Founded by Olivier Babin and Naunidh Singh Bhalla, Tetrix was built to address the fragmented data infrastructure that still powers much of the private markets industry. The company said alternative markets represent an asset class of more than $20 trillion, but the industry continues to rely heavily on unstructured documents, PDFs, manual workflows, and disconnected systems.
Tetrix’s AI-native platform helps institutional investors collect proprietary data, extract complex financial information, structure it into a unified data system, and proactively deliver timely insights. The company’s technology combines agentic workflows, AI-powered data normalization, and real-time analytics to help limited partners uncover risks, identify opportunities, and make faster investment decisions.
Since launching commercially in September 2024, Tetrix has gained traction with institutional investors across the United States, Canada, Europe, and Southeast Asia. Its customer base includes endowments, foundations, pension funds, sovereign wealth funds, fund of funds, and family offices.
The company said its platform can significantly reduce the time required for private markets workflows. According to Innovation Endeavors, Tetrix is already reducing 45-day analyst workflows into a single day while saving customers thousands of manual hours per investment.
KEY QUOTES:
“Alternative markets are an over $20 trillion asset class running on 100 million PDFs. Our client’s data is their most valuable asset to generate returns and manage risk. Yet, for LPs in alternative markets, the unstructured data, PDF graveyard, fragmented solutions, and manual workflows mean their data is rarely treated as such. By combining agentic workflows, AI-powered data normalization, and real-time analytics, Tetrix turns messy, unstructured fund data into clear, actionable insights. With Tetrix, allocators can uncover their biggest risks and find their best investment opportunities.”
Olivier Babin, CEO And Co-Founder Of Tetrix
“Private markets manage trillions in capital but still rely on data infrastructure built for the 1990s. Olivier, Naunidh, and the Tetrix team are filling a massive gap by building a foundational, AI-native data and orchestration layer for the industry. Their platform is a paradigm shift, turning static documents into real-time, actionable alpha.”
Christophe Bourque, General Partner At White Star Capital
“Tetrix is already collapsing 45-day analyst workflows into a single day and saving customers thousands of manual hours per investment. That’s a category-defining step change, not an incremental productivity gain. Olivier, Naunidh, and the team have executed with remarkable speed and conviction since day one, and we’ve been proud to back them from the earliest days. They’re building the system of record investment teams will run their businesses on for the next decade.”
Harpinder Singh, Partner At Innovation Endeavors
“Tetrix has fundamentally closed the gap between data and decision-making. Before Tetrix, manager diligence was clunky and manual, spread across too many systems. The customizable analytics supercharge our ability to gain insights from our portfolio of over 30,000 companies and 100s of funds.”
Ben Choi, Managing Partner At Next Legacy
